The typical asking rate per listing is in the $50's per square foot per year. The South Coast Metro submarket is going through a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 2% decrease in rent.
Compared to the rest of the Metropolitan Los Angeles market, the South Coast Metro region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 15 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,920 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this area are close to 12 stories. Most buildings in this area were built in 1984 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Real estate is the dominant industry in this region. Commute by motorcycle is the most popular way to get to work amongst South Coast Metro residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.